Last day of trading in Sotkamo Silver AB’s share including right to receive subscription rights in the rights issue

Sotkamo Silver AB (publ) held its Annual General Meeting (AGM) today Friday 21
March 2014 in Stockholm. The AGM decided i.a. to approve the Board’s resolution
as per 14 February 2014 to carry out a rights issue and to increase the
Company’s share capital with a maximum of SEK 42,478,902 (based on a quota
value of SEK 6 per share) through issuing a maximum of 7,079,817 shares.

 


Information regarding the rights issue

 

Preferential right

Existing shareholders in Sotkamo Silver on the record date 26 March 2014 have
preferential right to subscribe for new shares and will for each existing share
receive one subscription right. Two subscription rights will entitle to
subscribe for one new share in the company.

 

Subscription price

The new shares will be issued at a subscription price of SEK 6 per share. For
subscriptions using subscription rights registered at Euroclear Finland,
payment for subscribed shares is made in EUR by payment of 0,68 EUR for each
subscribed share. The EUR amount has been determined using NASDAQ OMX Stockholm
AB’s fixing rate against SEK as per 20 March 2014 (1 € = 8,8514 SEK).The EUR
amount to be paid for each new share has been determined according to The
Central Bank of Sweden, the Riksbank (1 € = 8,8514 SEK). The subscription price
in SEK and EUR, respectively, are applicable also for subscription without
preferential rights for new shares that will be registered at Euroclear Sweden
and Euroclear Finland, respectively.

 

Record date

The record date for the rights issue is 26 March 2014. The shares in Sotkamo
Silver are traded including rights to receive subscription rights until and
including 21 March 2014.

 

Subscription period

Subscription for new shares will take place during the period 31 March 2014 -
14 April 2014. Subscription for new shares with subscription rights shall be
made by simultaneous cash payments during the subscription period.

 

Trading in subscription rights

Trading in subscription rights will take place on:

  • NGM Equity during the period 31 March 2014 – 9 April 2014 (if the
    subscription rights are registered at Euroclear Sweden)
  • NASDAQ OMX Helsinki during the period 31 March 2014 – 7 April 2014 (if the
    subscription rights are registered at Euroclear Finland).

In order for the possible value of the subscription rights not to be lost, the
shareholder must either use the subscription rights to subscribe for new shares
by 14 April 2014 at the latest or sell the subscription rights by 9 April 2014
at the latest, if the subscription rights are registered at Euroclear Sweden,
and by 7 April 2014 at the latest, if the subscription rights are registered at
Euroclear Finland.

 

Trading in paid subscribed shares (swe: BTA) / interim shares (ISIN:
SE0005798980)

Trading in paid subscribed shares (BTA) / interim shares will take place on NGM
Equity and NASDAQ OMX Helsinki. Trading in BTA on NGM Equity will take place
from and including 31 March 2014 until the registering of the rights issue at
the Swedish Companies Registration Office. Trading in interim shares on NASDAQ
OMX Helsinki will take place from and including 31 March 2014 until the
registering of the rights issue at the Swedish Companies Registration Office. 

 

Important dates

  • Last day of trading in Sotkamo Silver’s share including right to receive
    subscription rights: 21 March 2014
  • Sotkamo Silver’s shares are traded excluding the right to receive
    subscription rights: from and including 24 March 2014
  • Record date for allotment of subscription rights: 26 March 2014
  • Subscription period: 31 March 2014 – 14 April 2014 (account operators and
    nominees may for practical reasons impose deadlines for applications for
    subscription that are prior to the end of the subscription period)
  • Trading in subscription rights on NGM Equity: 31 March 2014 – 9 April 2014
  • Trading in subscription rights on NASDAQ OMX Helsinki: 31 March 2014 – 7
    April 2014
  • Trading in paid subscribed shares (BTA) on NGM Equity: 31 March 2014 until
    the registering of the rights issue at the Swedish Companies Registration
    Office
  • Trading in interim shares on NASDAQ OMX Helsinki: 31 March 2014 until the
    registering of the rights issue at the Swedish Companies Registration
    Office

 

Miscellaneous

Further information regarding Sotkamo Silver and the rights issue will be
included in the prospectus that is expected to be published on or about 28
March 2014.

 

Stockholm on 21 March 2014 SOTKAMO SILVER AB (publ)

Timo Lindborg, CEO

 

Important information

The information in this press release is not an offer to acquire, subscribe or
otherwise trade in shares or other securities in Sotkamo Silver. Any invitation
to the persons concerned to subscribe for shares in Sotkamo Silver will only be
made through the prospectus that Sotkamo Silver expects to publish on 28 March
2014.

This press release may not, directly or indirectly, be released or published in
or distributed to or within the United States, Canada, Japan, Australia or any
other jurisdiction where such action would require additional prospectuses,
filings or other measures in addition to those required under Swedish law. The
offer is not made to, and application forms will not be approved from, share
subscribers (including shareholders), or persons acting on behalf of share
subscribers, in said countries or persons in any other jurisdiction where
applications for the subscription for shares would contravene applicable laws
or regulations, or would require additional prospectuses, filings, or other
measures in addition to those required under Swedish law. Nor may the
information in this press release be forwarded or reproduced in any way that
would violate such restrictions or would give rise to such requirements.
Measures in violation of the restrictions may constitute a breach of relevant
securities legislation.

No paid subscribed shares or shares issued by Sotkamo Silver (“Securities”)
have been registered, and will not be registered, under the United States
Securities Act of 1933 (the “Securities Act”) or the securities legislation of
any state or other jurisdiction in the United States, and may not be offered,
pledged, sold, resold, delivered or otherwise transferred, directly or
indirectly, within the United States or to U.S. persons as defined in
Regulation S under the Securities Act (“Regulation S”). The Securities are
being offered outside the United States in reliance on Regulation S. There will
not be any public offering of Securities in the United States or to U.S.
persons.

 

About Sotkamo Silver AB (publ)

Sotkamo Silver AB´s business concept is to exploit mineral deposits in the
Nordic countries with regards to human society and environment. Sotkamo Silver
owns, through its subsidiary mineral deposits, which contains silver and gold
in Finland. The Company’s main development project is the Silver Mine project
in Sotkamo. Sotkamo Silver applies SveMin’s & FinnMin’s respective rules of
reporting for public mining & exploration companies. Sotkamo Silver has chosen
to report mineral resources and ore reserves according to the internationally
accepted JORC or NI 43-101-code. The company applies International Financial
Reporting Standards (IFRS) as approved by the European Union.

The ticker symbol is SOSI in NGM and SOSI1 in NASDAQ OMX Helsinki. ISIN-code
for Sotkamo Silver shares is SE0001057910.

Read more about Sotkamo Silver on www.sotkamosilver.com or www.silver.fi

For further information: Timo Lindborg, CEO, tel. +358 40 508 3 507

The official Stock Exchange Releases are given in Swedish and there may be
slight differences in the translated versions.